Early Retirement for Councillors

You can elect to retire and receive your Scheme benefits from age 55 onwards. However, if you retire between age 55 and your normal pension age your Scheme benefits will be reduced as your pension will be paid for longer. Normal pension age for your 2015 Scheme benefits will be the same as your state pension age or age 65, whichever is later.

How much your benefits are reduced by depends on how early you draw them.